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Dr_Roboto
Dec 4, 2020 3:44 PM

S&P 500 - Simple, yet effective chart 

SPDR S&P 500 ETF TRUSTArca

Description

I think this is the simplest but most useful chart that I have for the S&P. No fancy waves or fib levels, just that most basic trend lines, linear regression channel, cRSI, and MACD.

I did add MVWAP indicator, but I have not had a lot of experience with it yet. I wanted something a bit better than the standard 21 day SMA. I set its smoothing to 42 because I am on the 3h timeframe and I wanted a 21 day average.




Comment

2:15pm update

Comment

End of day. My simple chart got a few more lines.
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